Asian markets settle mostly higher on Tuesday

28 Jun 2022 Evaluate

Asian markets settled mostly higher on Tuesday with Chinese and Hong Kong shares gaining after China's decision to ease some quarantine requirements for international arrivals that raised expectations for stronger growth and a revival in demand for commodities. China’s state planner officer said the country will roll out tools in its policy reserve in a timely way to cope with economic challenges, while the People's Bank of China also pledged to keep monetary policy supportive to aid the economy's recovery. Moreover, Japanese Nikkei ended above the psychologically important level of 27,000 for the first time in two weeks as energy shares surged.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,409.21	30.02	0.89
Hang Seng	22,418.97	189.45	0.85
Jakarta Composite	6,996.46	-19.60	-0.28
KLSE Composite	1,454.74	16.62	1.16
Nikkei 225	27,049.47	178.20	0.66
Straits Times	3,140.21	2.67	0.09
KOSPI Composite	2,422.09	20.17	0.84
Taiwan Weighted	15,439.92	-108.09	-0.70

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